I need a little help on a LBYM issue that has come up. My DW and I have been thinking about buying a vehicle. I'm in sticker shock looking at the asking prices for new cars nowadays. Yesterday we decided that we would buy a slightly used car that was higher end yet still cheaper than the average new car we have been shopping. Our thoughts were that for slightly less money than new, we could drive a fine used car with low miles. We took the night to think it over.
Long story short, I was tossing and turning all night over the expenditure. Although we can buy this car with cash savings, I'm thinking we would be better off using the money to pay down some of the house mortgage. (Our current car is adequate for our needs).
This morning, DW told me to just forget about the purchase since it was bothering me. I'm torn now as to whether I am truly troubled by the purchase as "extravagant" or am I just too much into the savings mode. One side of me wants to be strong and avoid this expenditure while the other likes the nicer things in life. Is there room in the LBYM lifestyle to treat yourself with things like automobiles or is the save, save, save mantra where I need to be?
Long story short, I was tossing and turning all night over the expenditure. Although we can buy this car with cash savings, I'm thinking we would be better off using the money to pay down some of the house mortgage. (Our current car is adequate for our needs).
This morning, DW told me to just forget about the purchase since it was bothering me. I'm torn now as to whether I am truly troubled by the purchase as "extravagant" or am I just too much into the savings mode. One side of me wants to be strong and avoid this expenditure while the other likes the nicer things in life. Is there room in the LBYM lifestyle to treat yourself with things like automobiles or is the save, save, save mantra where I need to be?